IC Markets vs Tradeview - Fees Review included
Which broker is better IC Markets or Tradeview? Our expert assessment conducted according to TU’s own methodology showed that IC Markets is one of the top brokers in the financial market with the TU Overall Score of 8.62 out of 10. Tradeview is one of the top brokers in the financial market with the TU Overall Score of 4.44 out of 10. Find out more about TU Overall Score.
Feature | IC Markets | Tradeview |
---|---|---|
Overall |
4.7 |
4.2 |
5 |
3.8 |
|
4.9 |
4.8 |
|
4.6 |
4.6 |
|
Investment Instruments |
4.9 |
3.6 |
Platforms and Charting Tools |
4.4 |
5.0 |
Deposit and Withdrawal |
4.6 |
4.6 |
Research |
4.3 |
2.1 |
Education |
4.4 |
1.8 |
Support |
4.6 |
4.6 |
Bonuses |
2.5 |
1 |
|
|
IC Markets vs Tradeview: Pros and Cons
IC Markets Trading Company was founded in 2007 in Sydney, Australia. The broker is licensed under the Australian Financial Services License (AFSL) and the Australian Securities and Investment Commission (ASIC). The broker is also a member of the Australian Financial Complaint Authority (AFCA), the governing body that sets the industry standard for the resolution of disputes between consumers and financial service providers, and regularly undertakes audits.
Tradeview Markets is an ECN and CFD broker that has been operating since 2004. The company offers trading with 5 asset classes. There is also a separate Tradeview Markets unit providing stock CFD trading services. The office is headquartered in the Cayman Islands. Over 100 000 clients from different countries use the broker’s services. The broker operates under a financial services license issued by the Cayman Islands Financial Regulator (CIMA) and the Malta Financial Services Authority (MFSA).
IC Markets | Tradeview | |
---|---|---|
Overall Pros | World biggest Forex broker, over 180,000 clients and $1.11 trln monthly turnover in 2022 | Tight market spreads (from 0.1 pips) |
Advanced ECN trading | Access to the cTrader Copy service | |
Order execution speed 40 mc | Copying services via its cTrader Copying app | |
Free VPS | 4 types of trading terminals – MetaTrader 4, MetaTrader 5, cTrader and CurreneX | |
Trading servers in New York and London | No trading restrictions | |
Strong regulation | ||
2000+ trading assets, 60+ currency pairs | ||
EURUSD Average spread 01 pip | ||
Overall Cons | No forex bonuses | Withdrawal fees |
World biggest Forex broker, over 180,000 clients and $1.11 trln monthly turnover in 2022 | Limited education | |
ECN account minimum deposit $1,000 | ||
No tier-1 regulations |
IC Markets vs Tradeview: Safety and Regulation
Regulated By: | IC Markets | Tradeview |
---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
No |
CySec (Cyprus, EU) |
Yes |
No |
ASIC (Australia) |
AFCA (Australia) |
No |
Other Regulators |
Yes |
Cayman Island Monetary Authority (CIMA) License #585163; Malta Financial Services Authority, MFSA Licence number: IS/93990. |
IC Markets vs Tradeview: Trading Conditions
Trading Conditions | IC Markets | Tradeview |
---|---|---|
Minimum Deposit |
$200 |
$100 |
Trading Platforms |
MT4, MT5, cTrader |
МТ4 (desktop, mobile, web), МТ5 (desktop, mobile), cTrader, CurreneX, Sterling Trader |
Max Leverage (Futures) |
1-500 |
1-400 |
Supported Markets |
Forex, futures, CFDs on indices, commodities, metals, stocks and bonds |
Currency pairs (60), indices (9), metals (3), energy resources (3), cryptocurrencies (5),over 5,000 real U.S. stocks and options |
Trading assets |
2000+ |
5000+ |
Trading Accounts |
cTrader, Raw Spread, Standard |
Demo, Innovative Liquidity Connector, X Leverage Account |
Base Account Currencies |
USD, AUD, GBP, CHF, JPY, NZD, SGD, CAD, HKD, BTC |
USD, EUR, GBP, JPY, CAD, AUD |
IC Markets vs Tradeview: Fees
Forex Trading Fees
Fee | IC Markets | Tradeview |
---|---|---|
Standard Account EURUSD Average Spread |
0.62 pips |
Competetive |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$3 per lot |
$2.5 per trade |
ECN Account EUR Average Spread |
0.02 pip |
0.1 pips |
CFD Trading Fees
Fee | IC Markets | Tradeview |
---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
Fee | IC Markets | Tradeview |
---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
There is a fixed commission of c or equivalent. The commission is 1.5% for Neteller, and 1% for Skrill. |
Inactivity Fee |
No |
$50 per month after 6 months of inactivity |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
IC Markets vs Tradeview: Trading Assets
Asset Name | IC Markets | Tradeview |
---|---|---|
Overall |
2000+ trading assets |
5000+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
Yes |
Bonds |
Yes (CFD) |
No |
Mutual funds |
No |
No |
Stock options |
No |
Yes |
Futures Trading |
Yes (CFD) |
Yes |
Binary Options |
No |
No |
IC Markets or Tradeview: Investment Programs
Asset Name | IC Markets | Tradeview |
---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
Yes |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Tradeview or IC Markets
IC Markets | Tradeview | |
---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
Yes |
Yes |
Appropriate platform |
IC Markets terminal |
No |
Others |
No |
CurreneX, Sterling Trader |
|
|
IC Markets vs Tradeview: Deposit and Withdrawal Methods
Deposit and Withdrawal Method | IC Markets | Tradeview |
---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
Yes |
IC Markets vs Tradeview: Research
Research Type | IC Markets | Tradeview |
---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
No |
IC Markets vs Tradeview: Education
Education Type | IC Markets | Tradeview |
---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
No |
Tradeview vs IC Markets: Support
Support Features | IC Markets | Tradeview |
---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
Contract form |
IC Markets vs Tradeview: Forex Bonuses and Promo
Promo | IC Markets | Tradeview |
---|---|---|
Forex Bonus |
Not offered |
No |
Affiliate Program |
% of trading commissions |
Only for corporate clients |
Other Promos |
||
|
|
Top 5 Reviews on Tradeview
-
Comment
It is not possible to withdraw money from Tradeview. The request hangs for 3 weeks, but the withdrawal is still pending. Friends, do not open an account with this company, they will definitely deceive you. They are scammers, I tell you for sure!
-
Comment
Tradeview does not display transactions on the interbank market. Everything spins in their company and goes straight into their wallet. Out of inexperience, I brought my money here in order to increase it, 6000 bucks, but nothing was left of them, unfortunately. Don't believe a single word they say!
-
Comment
threw 300 dollars, everything was fine, reached 1000 tried to withdraw, everything went fine. threw another 1500 to 5k everything was fine. yesterday I go in and writes: data entered incorrectly (lost money! do not believe them! everything is a scam!!!!
-
Comment
These are real scammers! The money will be withdrawn a couple of times, and the next one freezes, then all communication disappears. Deception!!!
-
Comment
If you are an active trader and if you need a broker with a small commission, then you should pay attention to the Tradeview Markets. This broker provides very good conditions. Spreads tend toward zero, and the commission is small. If you have more than $100,000 in capital and your traded volume exceeds a certain level, then you will be provided with VIP conditions with very low commission, spreads, and other chips. I can’t say anything about the affiliate program, because I didn’t use it.
Top 5 Reviews on IC Markets
-
Comment
I decided to use the services of IC Markets not long ago. Now I think that not all negative reviews are justified. This is a good broker and I have already withdrawn profits several times, everything went without problems. IC Markets’ rates differ from those of other brokers. But you can adapt to this problem.
-
Comment
I initially paid $3000 to start with and an account manager demonstrated a growth of $500 in quick time. A specialist then came in and tried to get me to invest $25000 to which I bluntly denied and they tried with $20K, then $10K and even $5K to all of which I refused! They have now kept me hanging and I asked for a refund to which they are asking for more money from me and I don't know what more to do! Also as of yesterday, the site itself is DOWN!! I cannot log in anymore and the email contact i had from there, when i sent the email to check it came back saying that domain does not exist anymore!! I am at loss of words and my hard earned money unfortunately i was able to recover my money back with the help of Olivia teams get in touch with them oliviatrader 44 at gmail com WhatApp +1 (423) 248 - 2140
-
Comment
I was looking for a reliable broker and noticed the long existence and good reputation of ICMarkets. Moreover, my friend, who has been trading for a long time, recommended contacting them. After several years, I have become a more experienced trader and I am satisfied with the work of the broker.
-
Comment
I have been trading with IC Markets for some time now and I can draw some conclusions. The platform works stably, which indicates a serious approach to its work. Spreads are quite optimal, although for cryptocurrencies they are higher than average as compared to those of its competitors. Slippages occur, there is nothing you can do about it. But there are no problems with requotes at all. In general, I think it’s possible to rate IC Markets “good”.
-
Comment
There are many advantages to IC Markets broker. First, of course, is the presence of a license from a reputable regulator. Accounts can be opened for citizens of many countries. Second, the platform works very well. Order execution speed is high, and you can actively trade manually or with the help of an advisor. I am quite satisfied with IC Markets as a broker.
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FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.